Reinsurance News
Pool Re, a UK-based provider of terrorism reinsurance, has successfully completed the placement of its third catastrophe bond, Baltic PCC Limited (Series 2025-1), which provides the reinsurer with £100 million of collateralised retrocession protec...
Posted: Apr 08, 2025
BMS Group, an independent specialist insurance and reinsurance broker, has appointed Jean-Jacques Henchoz, who recently left his role as Chief Executive Officer (CEO) of large European reinsurer Hannover Re, as Chairman of the Board, effective May...
Posted: Apr 08, 2025
Despite major claims activity in 2024, including two US hurricanes, Lloyd’s continued to deliver highly favourable returns to investors, with profits just shy of the previous year’s record, driven by favourable trading conditions and a retur...
Posted: Apr 08, 2025
Pro Global, an advisor in the specialist insurance sector, has announced the appointments of Roman Hannig as Head of Client Engagement, Germany, and Oliver Schippa as Head of Product, Germany. These key hires reflect Pro Global’s continued commitm...
Posted: Apr 08, 2025
Total dedicated reinsurance capital increased by 5.4% during 2024 to a new high of $769 billion, driven by growth in both traditional and alternative capital, according to reinsurance broker Gallagher Re. The broker’s full-year 2024 reinsura...
Posted: Apr 08, 2025
Strategic Risk Solutions (SRS), an independent insurance company manager, has announced the appointment of Ralph Goldener as a Managing Director in its Switzerland office. “SRS Switzerland is a team of people that provide only top-tier management...
Posted: Apr 08, 2025
Global insurance broker H.W. International B.V. (HWI BV) has undergone a management buyout (MBO), securing backing from OBL Investments BV. The deal involves the acquisition of the group’s Dutch holding company following the sale of its Nort...
Posted: Apr 08, 2025
Regional insurer Salama Islamic Arab Insurance Company (Salama) has appointed Mohamed Ali Bouabane as its new Group Chief Executive Officer (CEO), effective immediately. Salama is one of the longest-established Sharia-compliant Takaful solutions p...
Posted: Apr 08, 2025
California’s strict regulatory environment, coupled with high reinsurance costs, has intensified challenges for insurers in the aftermath of the January 2025 wildfires, according to Morningstar DBRS. The wildfires, which burned over 16,000 s...
Posted: Apr 07, 2025
Retail insurance brokerage Maury Donnelly & Parr has partnered with CyberCube, a provider of cyber risk analytics, to enhance its sales enablement process. As part of the agreement, Maury Donnelly & Parr will license CyberCube’s Broking Ma...
Posted: Apr 07, 2025
Brit Re, the Bermuda-based reinsurance platform of Brit, has joined the Association of Bermuda Insurers and Reinsurers (ABIR), as the organisation’s membership reaches record high. ABIR represents the public policy interests of Bermuda’s int...
Posted: Apr 07, 2025
Ambac Financial Group, Inc., an insurance holding company, has announced that it has met all necessary pre-closing conditions under the purchase agreement for the sale of Ambac Assurance Corporation (AAC) and Ambac UK (AUK) to funds managed by Oak...
Posted: Apr 07, 2025
Start Network has received a significant insurance payout of $727,855 through the African Risk Capacity (ARC) Replica programme. This crucial funding will enable rapid cash transfers to 10,500 households in Somalia grappling with the devastating e...
Posted: Apr 07, 2025
Chubb Arabia, part of the global insurance carrier, has appointed Kamran Mazhar as its new Chief Executive Officer (CEO). In his role, Mazhar will lead Chubb Arabia’s strategic direction and business operations. Additionally, he will focus o...
Posted: Apr 07, 2025
Facing a mature domestic market with limited growth potential due to a shrinking and aging population, Japanese insurers are expanding into international markets, like the US and Australia, and making acquisitions to diversify revenue and sustain...
Posted: Apr 07, 2025
Reinsurance broker Gallagher Re has announced the appointment of Thomas Dubecq as Head of International Regional Retro. Dubecq joins Gallagher Re from Guy Carpenter, where he spent the past five years, most recently serving as Chairman, Africa, ov...
Posted: Apr 07, 2025
As the marine re/insurance sector marks the one-year anniversary of the Baltimore Bridge collapse, the industry continues to navigate the long-term implications of what has been one of its most significant loss events for the industry in recent ye...
Posted: Apr 07, 2025
CelsiusPro Group is strengthening its Climate Resilience Solutions offerings with the addition of a highly experienced Disaster Risk Finance (DRF) team. Joining Global Parametrics, a CelsiusPro Group company since September 2023, the team brings e...
Posted: Apr 07, 2025
Specialty insurer Beazley has promoted Sydonie Williams to Head of International Cyber Risks. Williams will assume the role immediately, having previously held the position of Focus Group Leader, RoW, Cyber Risks. Beazley highlighted that since jo...
Posted: Apr 07, 2025
The European Commission has approved, under EU State aid rules, a €1.5 billion (PLN 6.4 billion) Polish scheme to provide State-supported reinsurance of insurance for transport on the territory of Ukraine. Poland, through its public export credit...
Posted: Apr 07, 2025
The reinsurance arm of Vienna Insurance Group, VIG Re, has reported preliminary, unaudited full-year 2024 gross written premiums (GWP) growth of 9.2% to €983.3 million, driven by its third-party reinsurance and VIG business segments. The reinsurer...
Posted: Apr 07, 2025
Growth in the insurance sector driven by generative artificial intelligence (gen AI) has the potential to inject up to £59 billion to the UK annual Gross Domestic Product (GDP) by 2038, according to a recent report by Accenture. According to the &...
Posted: Apr 07, 2025
Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), a registered investment adviser and subsidiary of global reinsurer Swiss Re, will become co-investment manager of GAM’s insurance-linked securities (ILS) fund range, including th...
Posted: Apr 07, 2025
UnderwriteMe, the Insurtech company of Pacific Life Re, has appointed Andrew Doran as its new Chief Executive Officer, effective immediately. Doran, who has more than 20 years of experience in the insurance and reinsurance industry, joins Underwri...
Posted: Apr 07, 2025
Bamboo Insurance, a California-based insurance provider specialising in homeowners coverage, has partnered with Incline P&C Group, an insurance programme carrier, to expand insurance capacity in California. This collaboration combines Bamboo’s...
Posted: Apr 07, 2025